Firearm Suppressor Giant SilencerCo Announces Shift in Leadership

January 09, 2018 11:00 AM Eastern Standard Time

WEST VALLEY CITY, Utah--(BUSINESS WIRE)--SilencerCo, the nation’s leading designer and manufacturer of firearm
suppressors (“silencers”), announced a change in company leadership
effective January 3, 2018. Joshua Waldron will step down from his CEO
position, and Jonathon Shults will step down from his role as President.
Co-founded in a garage in 2008 by Waldron and Shults, SilencerCo has
grown to be an industry leader, controlling the majority of sales of
firearm suppressors and related accessories. The company has garnered
the attention of gun enthusiasts, the business community, and even
lawmakers, as Waldron and Shults, and hundreds of dedicated employees,
have worked together to perfect their trade while also effecting social
awareness of gun rights.

Mr. Waldron will continue his relationship with SilencerCo as Senior
Advocacy Advisor, where he will focus his energy on firearm legislative
advocacy, an area in which he excels. Mr. Shults will assume a new role
as SilencerCo Chief Operating Officer, where he will oversee day-to-day
operations and remain heavily involved in his areas of expertise,
including R&D and product innovation. Both Waldron and Shults will serve
on the SilencerCo Board to stay involved with the overall direction of
the company. They each remain the company’s two largest equity holders.

Mr. Waldron stated, “After years of grit and hard work, SilencerCo is
poised to succeed. It is now time for me to turn my focus to advocacy
for the company and its industry. Resigning from my current duties as
CEO will allow for more time spent in the legislative arena, furthering
the scope and influence of SilencerCo products in the future.” Mr.
Shults stated, “SilencerCo is responsible for suppressor industry
innovation. As Chief Operating Officer, I look forward to working with
our team to ensure that we stay at the forefront of firearm suppressor
design and technology.”

The SilencerCo Board is currently engaged in a search for a CEO and will
make an announcement regarding this position as soon as it has been
filled.